In October 2020 GKN Wheels & Structures was acquired by Aurelius Equity Opportunities SE & Co. KGaA. The new owners announced that the acquisition was completed on 26 November 2020 and since then, the company has been “planning for our future”. This means “listening to [its] teams internally as well as our external stakeholders-working to look at how we can work better and smarter together as we move forward”. But in practice the most noticeable immediate development is the decision to rename the business as Moveero.
German asset management firm Aurelius Equity Opportunities SE & Co. KGaA is acquiring the GKN Wheels & Structures business from GKN. The transaction is expected to complete in November and is conditional on receiving anti-trust approval. Following the deal’s completion, GKN Wheels & Structures will gain an as-yet-undisclosed new name.
GKN Wheels’ multi-million-pound investment programme at its Telford factory has resulted in the achievement of record targets. Despite a number of obstacles, not least the impact Coronavirus pandemic has had on the plant’s operational capabilities, the new manufacturing plant is now producing more than three times as many wheels as the old plant, with 55 high-quality off-highway wheels now being manufactured every hour. With the new line now fully operational, the old lines and assembly cells have now been decommissioned and disposed of.
GKN Wheels has developed the Infini-Forge multi-piece wheel range, a high performance, patented solution for vehicles in demanding off-highway conditions. The company says this multi-piece wheel delivers “a number of significant benefits” for original equipment manufacturers, operators and maintenance personnel.
Unveiled in July, the Michelin X TWEEL SSL 2 – an airless tyre for skid steers – features a completely new wheel developed and manufactured by GKN Wheels. The Tweel is a single, fully-integrated unit which replaces the traditional tyre/wheel/valve assembly. This means there is no need for costly and time-consuming wheel and tyre mounting to be carried out – and once the unit is bolted to the vehicle, there is no air pressure to maintain.
GKN Automotive is collaborating with Drive System Design and the University of Nottingham on an £8 million project to design and develop a world-leading electric vehicle powertrain for the global market.
GKN Wheels and Structures has produced a new catalogue covering the company’s extensive range of hubs and spindles. With detailed technical and application information, together with images and dimensioned line drawings of each product in the range, the catalogue also includes full details of the company’s recently launched Profi-Hub range.
The seismic shift towards low-carbon vehicles will open up supply chain opportunities worth hundreds of billions of pounds, according to industry experts speaking at the Future of Technology Zone at Cenex-LCV2018.
GKN Wheels and Structures has appointed Ron Peta to the position of Sales Director, Americas where he will take responsibility for the company’s sales activities across the United States, Mexico and Canada. Having joined GKN Wheels in 1998, Peta has reportedly undertaken a number of roles in design, engineering, business development and sales.
The informative Original Equipment Suppliers Aftermarket Association (OESAA) stand at this year’s Mechanex Sandown show proved a real talking point amongst attendees, providing an opportunity to examine ‘like for like’ parts for themselves. The busy stand, staffed by representatives from a wide range of OESAA member companies, featured comparable components from OE and non-OE suppliers to highlight the dramatic differences in quality that can exist between the two, as well as the detrimental impact that fitting sub-standard parts can potentially have on a garage’s reputation.
GKN has developed the world’s first Disconnect All-Wheel Drive System for A-, B- and C-segment vehicle platforms, which improves fuel economy during steady state cruising by up to 4 per cent. The innovative Disconnect function enables vehicles to combine the enhanced traction, dynamics and stability of all-wheel drive with improved on-highway fuel efficiency.